ACC 561 FINAL EXAM 5
Arizona State University
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ACC 561 FINAL EXAM 5
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ACC 561 FINAL EXAM 5
1. Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base?
a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2
1.2 x 100% = 120%
The answer is 120%
2. Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $660,000. The compan...
Exam (elaborations)
ACC 561 FINAL EXAM 5
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ACC 561 FINAL EXAM 5 1. Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018, respectively. If 2016 is the base year, what percentage do 2018 sales represent of the base? a. 2018 net sales / base year 2016 net sales = 780,000 / 650,000 = 1.2 1.2 x 100% = 120% The answer is 120% 2. Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $660,000. The compan...
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